Parliament ratifies agreement between Armenia and Denmark to rule out double taxation
10.09.2019,
15:35
The Armenian parliament has ratified today an agreement between Armenia and Denmark which rules out double taxation.
YEREVAN, September 10. /ARKA/. The Armenian parliament has ratified today an agreement between Armenia and Denmark which rules out double taxation. It is also supposed to prevent tax evasion.
Deputy Finance Minister Arman Poghosyan said the agreement, signed on March 14, 2018, provides for eliminating double taxation, creating a more stable and predictable tax field for investors and ensuring mutual cooperation between the tax authorities of the two countries.
According to him, the agreement also provides for preferential conditions for taxation of passive income, in particular, dividends, royalties and the like. “We hope that this will become an incentive for mutual investments,” Poghosyan said.
He recalled that so far Armenia has signed similar agreements with almost 50 countries. --0—
Deputy Finance Minister Arman Poghosyan said the agreement, signed on March 14, 2018, provides for eliminating double taxation, creating a more stable and predictable tax field for investors and ensuring mutual cooperation between the tax authorities of the two countries.
According to him, the agreement also provides for preferential conditions for taxation of passive income, in particular, dividends, royalties and the like. “We hope that this will become an incentive for mutual investments,” Poghosyan said.
He recalled that so far Armenia has signed similar agreements with almost 50 countries. --0—
